Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd

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Post by pacer001on Oct 06, 2022 1:18pm

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Post# 35009896

If there is so much oil next door in Zambia there should be.

... a lot in Namibia too!

Notice of the discovery of oil and gas next door to us in Zamibia. Old news but still relevant.

"Zambian President Levy Mwanawasa told local news media that of 12 sites tested by government geologists, 12 tested positive for oil and six tested positive for natural gas. The deposits were discovered in two districts: Chavuma and Zambezi, in Northwestern Province near Zambia's border with Angola."

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